Last week, Huawei entered into a contract with SEPCOIII for an energy-storage project. SEPCOIII is a power plant operator and a construction and engineering companys that operates in China. The battery-energy storage project, which has been dubbed the Red Sea Project, is considered to be a major project in Saudi Arabia’s vision 2030 initiative. The project has SEPCOIII handling EPC services and playing the role of general contractor. It was developed by ACWA Power.
The country’s 2030 initiative features a smart city that will be known as Neom and will be situated on the coast of the Red Sea, in the northwestern region of Saudi Arabia…
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